Get a price that would pay off the balance of his loan

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Hank purchased a $23,700 car three years ago using a 10 percent, 6-year loan with monthly payments. He has decided that he would sell the car now, if he could get a price that would pay off the balance of his loan.

What's the minimum price Hank would need to receive for his car?

Reference no: EM13980742

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